Serbia’s trade gap widened by an annual 7.8% to 5.1 billion euro ($5.9 billion) in the first seven months of the year, the statistical office said on Friday.
In January-July, exports rose by an annual 9.8% to 19.323 billion euro, while imports increased by 9.3% to 24.427 billion euro, the statistical office said in a press release.
Serbia’s most exported products in the seven-month period were electrical machinery and apparatus, to the total worth of 2.1 billion euro, non-ferrous metals (1.2 billion euro), metal ores and residues (1.13 billion euro), road vehicles (1.08 billion euro), and power-generating machinery and equipment (999 million euro).
At the same time, Serbia also imported electrical machines the most, at 1.5 billion euro, followed by oil and oil derivatives (1.24 billion euro), medical and pharmaceutical products (1.21 billion euro), road vehicles (1.11 billion euro), and industrial machines (1.03 billion euro).
In January-July, Serbia’s main export destinations were Germany, which absorbed Serbian exports worth 3.0 billion euro, Italy with 1.22 million euro, Bosnia and Herzegovina with 1.19 billion euro and China with 1.13 billion euro. Imports into Serbia originated mainly from China, at 3.5 billion euro, followed by Germany with 2.9 billion euro, Italy with 1.6 billion euro, and Hungary and Turkey with some 1.2 billion euro each.
In July alone, Serbia’s shrank to 788 million euro from 865 million euro in the same month last year, with exports rising 5.3% on the year to 2.7 billion euro and imports going up 1.7% to 3.5 billion euro.
In 2024, Serbia’s trade gap widened by an annual 3.8% to 8.541 billion euro.
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